Ball Co. (NYSE:BLL) SVP Lisa Ann Pauley sold 7,017 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $38.89, for a total value of $272,891.13. Following the sale, the senior vice president now owns 122,208 shares of the company’s stock, valued at approximately $4,752,669.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Ball Co. (NYSE:BLL) opened at $39.14 on Thursday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.92 and a quick ratio of 0.55. The firm has a market capitalization of $13,725.68, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.97. Ball Co. has a twelve month low of $35.60 and a twelve month high of $43.24.
Ball (NYSE:BLL) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.08. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.64 billion. Ball had a return on equity of 19.20% and a net margin of 3.63%. Ball’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. equities research analysts forecast that Ball Co. will post 2.3 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.02%. The ex-dividend date is Wednesday, February 28th. Ball’s dividend payout ratio (DPR) is 35.71%.
BLL has been the subject of several research analyst reports. KeyCorp upgraded Ball from an “underweight” rating to a “sector weight” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $48.00 price objective (up previously from $47.00) on shares of Ball in a research report on Thursday, February 8th. BMO Capital Markets upgraded Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Monday, December 4th. Citigroup upgraded Ball from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, January 17th. Finally, Zacks Investment Research cut Ball from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.21.
A number of institutional investors have recently bought and sold shares of BLL. Iridian Asset Management LLC CT grew its holdings in Ball by 25.8% in the third quarter. Iridian Asset Management LLC CT now owns 7,871,056 shares of the industrial products company’s stock valued at $325,075,000 after purchasing an additional 1,613,246 shares during the last quarter. Millennium Management LLC grew its holdings in Ball by 322.0% in the fourth quarter. Millennium Management LLC now owns 1,450,695 shares of the industrial products company’s stock valued at $54,909,000 after purchasing an additional 1,106,893 shares during the last quarter. Lodge Hill Capital LLC acquired a new stake in Ball in the fourth quarter valued at $39,743,000. Eaton Vance Management grew its holdings in Ball by 87.3% in the fourth quarter. Eaton Vance Management now owns 1,523,918 shares of the industrial products company’s stock valued at $57,680,000 after purchasing an additional 710,179 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Ball by 19.2% in the third quarter. Bessemer Group Inc. now owns 4,074,776 shares of the industrial products company’s stock valued at $168,289,000 after purchasing an additional 656,667 shares during the last quarter. 88.53% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: “Lisa Ann Pauley Sells 7,017 Shares of Ball Co. (BLL) Stock” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/22/lisa-ann-pauley-sells-7017-shares-of-ball-co-bll-stock.html.
Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.
Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.